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### 📊 NIFTY 50 – TODAY | 22 OCT

🔴 Bias: Bearish below 22,948

GIFT Nifty signals a cautious opening, with crude oil above $110 adding pressure to the market. Nifty closed at 22,811.35 yesterday.

🔼 Resistance

* 22,860

* 22,948

* 23,030

* 23,121–23,152

* 23,188

🔽 Support

* 22,780

* 22,701

* 22,630–22,650

* 22,562

📈 Above 22,948: 23,030 → 23,075 → 23,121 📉 Below 22,701: 22,630 → 22,562 → 22,500

⚡ KEY LEVEL: 22,948

Plan: The chart shows a sharp sell-off followed by a bounce. If price fails near 22,860–22,948, selling pressure may resume. A sustained move above 22,948 could open a recovery toward 23,030. Avoid chasing the opening move; wait for confirmation.

Chart-based view, not financial advice. Trade with strict risk management.